Update
ABA Criticizes OCC’s Stablecoin Rules
The American Bankers Association (ABA) has criticized the Office of the Comptroller of the Currency (OCC) for its finalized rules on US stablecoins under the GENIUS Act. The ABA is concerned about the potential risks to local lending and financial stability, particularly regarding indirect yield arrangements, which the final rule now allows case-by-case evaluation instead of prohibiting outright.